Oman Environmental Services Holding Company (Be’ah) has entered into a financing agreement with Ahli Islamic Bank to advance the second phase of the industrial waste treatment facility located in the Sohar Freezone.
The total financing amount is OMR51 million ($132.5 million), with a portion allocated for the development of a specialized station aimed at the treatment of hazardous waste. This initiative will enhance both physical and chemical treatment technologies, ONA reported. Furthermore, it will include the establishment of modern facilities dedicated to managing used oils and highly toxic waste. The project will also see the installation of smart storage tanks and advanced infrastructure to ensure optimal operational efficiency.
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This comprehensive project, upon the completion of all its phases, is poised to significantly boost the national economy while fulfilling the objectives of sustainability and the circular economy. It will also align with the aspirations of Oman Vision 2040 by creating an infrastructure that supports the development of both heavy and light industrial projects. Additionally, it aims to generate employment opportunities and leverage the inherent value of these resources, thereby contributing to in-country value (ICV).
The integrated industrial waste treatment and disposal facility in Sohar Freezone, upon the completion of its second phase, is anticipated to bring about a significant transformation in the waste management sector within the Sultanate of Oman. This facility will set new benchmarks for industrial waste treatment services throughout the Sultanate of Oman.
